CAGAYAN DE ORO CITY—“Hanjin Heavy Industries and Construction Co. is scouting for more investment opportunities in Northern Mindanao,” OIC-Regional Director Leon M. Dacanay, Jr. of the National Economic and Development Authority Regional Office 10 (NEDA-10) said after his meeting with Du Sik Mun, Director and General Manager of Hanjin Heavy Industries and Construction Company and Yoo Kyeing Seong as they discussed the current and future regional projects that Northern Mindanao is pursuing and for local and foreign investors to invest on.
Dacanay, together with OIC-ARD Alan L. Olavides, oriented Mun and Seong on the regional profile of Region -10 and informed them on the major projects that the region planned to pursue as stipulated in the Regional Development Plan (2004-2010) and the Regional Physical Framework Plan 2004-2030.
He also informed them that aside from the Panguil Bay Bridge which is being offered by the government under the “Public-Private Partnership” scheme, the region is also supporting projects related to power generation and solid waste management.
He further explained that as the planning period is about to end in May 2010, more programs and projects will further be identified as the region prepares its successor plan in 2010.
With this, he assured the visiting party that the office will closely coordinate with their company for further investment opportunities in the region.
Mun conveyed the interest of their company to invest in Region 10 and promise to coordinate closely with NEDA-10 for further developments.
Hanjin Heavy Industries and Construction Co. is a Korean company and is interested to invest on construction of ship ports, airports, expressway, power plants and waste management projects.
Currently, Hanjin is working on the civil works and building component of the Laguindingan Airport Development Project (LADP).
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